The biggest problem for the team's existence were finances. Rochester was distant from the locations of other teams in the league at the time, forcing the Colonels to pay more for travel expenses, referees, and ask for more pay when they were visiting other teams. In addition to this, they weren't drawing many fans for home games.

Once the team folded, the league decided to erase all games and individual statistics from the official league records. The team would then become forgotten until sports historian Douglas Brei, in 2005, discovered their existence.